UTI Mutual Fund launches a new close ended Equity scheme

UTI- Focussed Equity Fund Series II is an 1102 days close ended equity oriented scheme. The scheme would be investing in a compact portfolio of up to 30 securities.

Dec 04, 2014 05:12 IST India Infoline News Service

UTI Mutual Fund announces the launch a new close ended Equity scheme "UTI- Focussed Equity Fund-Series II (1102 days)".  The New Fund Offer opens for subscription on December 4, 2014 and closes on December 18, 2014.

UTI- Focussed Equity Fund Series II is an 1102 days close ended equity oriented scheme. The scheme would be investing in a compact portfolio of up to 30 securities.

The primary objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of listed companies. The scheme will without any capitalization bias endeavor to invest in either growth stocks or value stocks or both. The scheme will normally hold up to 30 stocks in the portfolio. The scheme does not guarantee/indicate any returns. There can be no assurance that the scheme's objectives will be achieved.

Mr Anoop Bhaskar and Mr Lalit Nambiar are the fund managers of the scheme.

Mr Anoop Bhaskar said, "The scheme will invest in the top stock ideas of an existing portfolio from our product basket namely UTI Opportunities Fund. The scheme will focus on quality and concentration of portfolio."

Salient Features of UTI Focussed Equity Fund-Series II (1102 days)

Type of Scheme: Close ended Equity Scheme

Eligible Investors:
The scheme is open to resident individuals, institutions as well as to NRIs and FIIs.

New Fund Offer Price:
Units can be purchased only during the New Fund Offer (NFO) period. During the NFO period the units will be sold at face value i.e. Rs.10/- per unit

Plan(s) and Option(s) Offered:
  •      The Scheme offers Regular Plan and Direct Plan
  •      Both Plans offer Growth Option and Dividend Option with Payout facility
Asset Allocation:

Type of Instruments Asset Allocation
(% to net assets)
Risk Profile
Minimum Maximum
Equity & Equity related instruments 65% 100% High
Debt and Money Market Instruments* 0% 35% Low to Medium

Minimum Application Amount:
Minimum amount of investment is Rs.5,000/- and in multiples of Rs.1/- thereafter.

Redemption : At Maturity
The scheme will be listed on National Stock Exchange (NSE).Withdrawal prior to maturity is not allowed.

Liquidity:
As per SEBI guidelines, the AMC shall not redeem the   units of the scheme  before the date of  maturity. The  units of UTI Focussed Equity Fund-Series II(1102 days) will be listed on NSE after closure of the New Fund Offer period. Investors will be able to enter and exit the scheme through transactions in the secondary market within 5 days of allotment.

Load Structure
Entry Load: Not applicable as per SEBI guidelines

Exit Load    : NIL at maturity (Premature withdrawal is not allowed)

Benchmark Index:  S&P BSE 200 Index

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